BYD vs CDRO vs FLUT Stock Comparison

Boyd Gaming, Codere Online Luxembourg and Flutter Entertainment Prices as of Oct 23, 2026 Peers: Industry group
BYD Boyd Gaming Corp
$71.73 -0.1% 1M -15.6% 1Y
Market cap
$5.42B
P/E
3.0x
Revenue (TTM)
$4.10B
Div. yield
0.01%
Casinos Consumer Discretionary
7 wins
FLUT Flutter Entertainment plc
$80.11 -6.7% 1M -68.1% 1Y
Market cap
$14.02B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins

Head to Head

10 decided of 12

Boyd Gaming leads on 7 of the 12 questions below (Boyd Gaming 7, Flutter Entertainment 2, Codere Online Luxembourg 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBYDCDROFLUTLeader
Larger companyMarket capitalisation $5.42B $420.38M $14.02B FLUT
Cheaper on earningsLower P/E, profitable companies only 3.0x — -18.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.5x 27.2x 18.0x BYD
Faster revenue growthRevenue growth, trailing twelve months +1.7% — +15.2% FLUT
More profitableNet margin, trailing twelve months 44.3% — -4.4% BYD
Better return on capitalReturn on invested capital 10.7% — -3.0% BYD
Less leveragedLower net debt / EBITDA 2.2x — 10.1x BYD
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.6% +36.4% -68.1% CDRO
Better 5-year returnAnnualised price return, 5 years +1.7%/yr -2.0%/yr -16.5%/yr BYD
Less volatileAnnualised volatility, 1 year 27.4% 31.7% 51.0% BYD
Higher overall scoreMean of the five percentile scores vs peers 67/100 — 39/100 BYD

Percentile Scorecard

BYDCDROFLUT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBYDCDROFLUT
Valuation 70 #14 of 44 – 51 #22 of 44
Growth 43 #25 of 43 – 26 #32 of 43
Profitability 78 #10 of 42 – 32 #29 of 42
Financial Health 70 #15 of 48 81 #10 of 48 36 #31 of 48
Shareholder Returns 74 #8 of 28 – 48 #15 of 28
Overall 67 – 39
  • BYD ranked among 48 companies in Gaming and Leisure
  • CDRO ranked among 48 companies in Gaming and Leisure
  • FLUT ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBYDCDROFLUTSPY
1 month -0.1%-2.6%-6.7% -1.0%
3 months -17.6%-3.0%-20.9% +2.9%
6 months -14.5%+0.2%-28.2% +6.4%
Year to date -15.8%+12.0%-62.7% +11.4%
1 year -15.6%+36.4%-68.1% +13.1%
3 years +17.5%+215.4%-49.0% +79.4%
3 years, per year +5.5%+46.7%-20.1% +21.5%
5 years +8.6%-9.8%-59.3% +67.7%
5 years, per year +1.7%-2.0%-16.5% +10.9%
10 years +284.6%—-30.1% +255.2%
10 years, per year +14.4%—-3.5% +13.5%

Risk

MeasureBYDCDROFLUTSPY
Volatility, 1Y 27.4%31.7%51.0% 12.7%
Downside volatility, 1Y 28.4%29.5%57.6% 12.7%
Beta vs S&P 500, 1Y 0.530.410.77 1.00
Return / volatility, 1Y -0.571.15-1.33 1.03
Max drawdown, 5Y -35.1%-79.0%-75.9% -25.4%
From 52-week high -21.3%-11.9%-68.1% -2.5%
52-week high $91.15$10.20$251.29 $779.14
52-week low $66.10$5.43$74.27 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBYDCDROFLUT
P/E now vs peer median 3.0xmedian 17.0x —median 17.0x -18.6xmedian 17.0x
P/S now vs peer median 1.3xmedian 1.9x —median 1.9x 0.8xmedian 1.9x
EV/EBITDA now vs peer median 7.3xmedian 10.5x —median 10.5x 23.7xmedian 10.5x
P/FCF now vs peer median -9.3xmedian 11.2x —median 11.2x 11.2xmedian 11.2x
P/B now vs peer median 2.1xmedian 2.5x 9.3xmedian 2.5x 1.5xmedian 2.5x
PEG now vs peer median 0.06median 0.54 —median 0.54 —median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBYDCDROFLUT
Revenue $4.10B – $17.16B
Gross profit $2.01B – $7.29B
Operating income $670.84M – -$641.00M
Net income $1.81B – -$866.00M
Free cash flow -$564.43M – $1.24B
R&D – – $1.08B
EPS (diluted) $24.29 – $-4.31
Cash & equivalents $322.71M $71.43M $1.56B
Total debt $2.61B – $11.98B
Shares (diluted) 74.82M 45.89M 175.00M
Enterprise value $4.05B $149.18M $7.39B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBYDCDROFLUT
P/E 3.0x – -18.6x
P/FCF -9.3x – 11.2x
P/Operating cash flow 8.4x – 10.5x
P/S 1.3x – 0.8x
P/B 2.1x 9.3x 1.5x
P/Tangible book 5.2x 9.3x 5.6x
EV/EBITDA 7.3x – 23.7x
EV/EBIT 11.2x – -37.9x
EV/Revenue 1.8x – 1.4x
EV/FCF -13.4x – 19.6x
EV/Operating cash flow 12.0x – 18.3x
PEG (3Y EPS CAGR) 0.06 – –

Growth

14 metrics
MetricBYDCDROFLUT
Revenue growth (1Y) 1.7% – 15.2%
Revenue CAGR (3Y) 3.6% – –
Gross profit growth (1Y) -3.4% – 4.2%
Gross profit CAGR (3Y) -0.4% – –
Operating income growth (1Y) -27.4% – -164.9%
Operating income CAGR (3Y) -12.9% – –
Net income growth (1Y) 221.9% – -309.2%
Net income CAGR (3Y) 35.9% – –
EPS growth (1Y) 254.1% – -310.7%
EPS CAGR (3Y) 50.9% – –
Operating cash flow growth (1Y) -34.4% – -10.7%
Operating cash flow CAGR (3Y) -14.0% – –
Free cash flow growth (1Y) -1,103% – -7.2%
Free cash flow CAGR (3Y) -52.2% – –

Profitability

14 metrics
MetricBYDCDROFLUT
Gross margin 49.0% – 42.5%
EBITDA margin 25.1% – 6.0%
Operating margin 16.4% – -3.7%
Pretax margin 55.9% – -4.3%
Net margin 44.3% – -4.4%
FCF margin -13.8% – 7.2%
Operating cash flow margin 15.3% – 7.8%
Return on equity 72.0% – -9.5%
Return on assets 27.3% – -3.1%
Return on invested capital 10.7% – -3.0%
Return on capital employed 11.1% – -2.8%
Asset turnover 0.6x – 0.6x
Cash conversion (OCF / net income) 0.3x – -1.5x
Stock comp / revenue 0.8% – 1.4%

Financial Health

11 metrics
MetricBYDCDROFLUT
Debt / assets 39.1% – 42.5%
Debt / equity 1.0x – 1.3x
Net debt / EBITDA 2.2x – 10.1x
Debt / FCF -4.6x – 9.6x
Liabilities / assets 62.6% 61.1% 68.2%
Equity / assets 37.4% 38.9% 31.8%
Interest coverage 5.7x – –
Current ratio 0.8x 1.5x 0.9x
Quick ratio 0.6x 1.5x 0.4x
Cash ratio 0.5x 1.3x 0.3x
Altman Z-score 2.20 – 1.33

Shareholder Returns

7 metrics
MetricBYDCDROFLUT
Dividend yield 1.1% – –
Net buyback yield 12.5% – 5.7%
Shareholder yield 13.6% – 5.7%
Payout ratio (earnings) 3.2% – –
Payout ratio (FCF) -10.2% – –
Dividend growth (1Y) -4.5% – –
Dividend CAGR (3Y) -3.2% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBYDCDROFLUT
Forward P/E 10.5xFY2026 27.2xFY2026 18.0xFY2026
EPS, next fiscal year $6.81FY2026 $0.33FY2026 $4.46FY2026
EPS growth, next FY -8.0%FY2026 – -43.8%FY2026
EPS growth, the year after +6.9% +84.8% +48.7%
Revenue, next fiscal year $4.36BFY2026 $306.17MFY2026 $16.93BFY2026
Revenue growth, next FY +6.5%FY2026 +16.3%FY2026 +3.3%FY2026
Revenue growth, the year after -7.3% -4.0% +18.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBYDCDROFLUT
Held by institutions 72.8% 12.2% –
Institutions holding 423 20 –
Change in shares held, QoQ +5.4% +0.4% –
Institutions buying 186 10 –
Institutions selling 175 4 –
Buyers to sellers 1.06 2.50 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BYDCDROFLUT
BYD 1.00 0.15 0.39
CDRO 0.15 1.00 0.19
FLUT 0.39 0.19 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BYD, CDRO and FLUT?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Boyd Gaming (BYD) $5.42B, Codere Online Luxembourg (CDRO) $420.38M, Flutter Entertainment (FLUT) $14.02B.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Boyd Gaming (BYD) +1.7%, Flutter Entertainment (FLUT) +15.2%.

Which company is more profitable?

Boyd Gaming (BYD) has the highest net margin (Boyd Gaming (BYD) 44.3%, Flutter Entertainment (FLUT) -4.4%). On return on invested capital, Boyd Gaming (BYD) leads (Boyd Gaming (BYD) 10.7%, Flutter Entertainment (FLUT) -3.0%).

Which stock has performed better?

Over the past year Codere Online Luxembourg (CDRO) returned the most: Boyd Gaming (BYD) -15.6%, Codere Online Luxembourg (CDRO) +36.4%, Flutter Entertainment (FLUT) -68.1%. Over five years, Boyd Gaming (BYD) compounded fastest (Boyd Gaming (BYD) +1.7%/yr, Codere Online Luxembourg (CDRO) -2.0%/yr, Flutter Entertainment (FLUT) -16.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Boyd Gaming (BYD) 0.01%, Codere Online Luxembourg (CDRO) 0.00%, Flutter Entertainment (FLUT) 0.00%. Codere Online Luxembourg (CDRO) and Flutter Entertainment (FLUT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Boyd Gaming (BYD) has been the steadiest (Boyd Gaming (BYD) 27.4%, Codere Online Luxembourg (CDRO) 31.7%, Flutter Entertainment (FLUT) 51.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BYD, CDRO and FLUT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Boyd Gaming (BYD) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.